EconomyWeak Carbon Market May Encourage Indian Firms to Keep Polluting
A new study says India’s planned national carbon market may do little to push heavy industry toward rapid emissions cuts. Weak penalties would limit the consequences for companies that fail to reduce pollution. Expected low prices for carbon allowances could further weaken the market’s effect. Steelmakers, cement producers and other major industrial emitters may therefore have little incentive to act quickly.
B
Weak Carbon Market May Encourage Indian Firms to Keep Polluting
Economy